About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis.

Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding with a lapse in federal protections for renters and a resumption in student loan payments.

That intersection may spell financial catastrophe for jobless workers without action from Congress or the White House, according to economists.

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Meanwhile, Americans had already been reporting higher levels of food insecurity and trouble paying bills, and poverty levels have been steadily increasing in recent months.

“It’s a tremendous amount of risk for families who are affected,” Ernie Tedeschi, an economist at Evercore ISI and a former Treasury Department official, said of expiring aid programs. ”[Unemployment benefits] are their last economic line of defense. And it’ll be gone on Dec. 31 unless Congress extends it.” Read more at CNBC